Monfex is at your service and today we overview LTC/USD compare with BTC/USD.
It's a strong bullish pattern behavior like we see at BTC/USD at the left chart and now we have the same by LTC/USD at the right chart analysis.
Active Trade Signal by LTC/USD :
Buy zone ~ $ 58
Target ~ $ 64
Stop - $ 56,3
Share your thoughts, ideas about the market...
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Bearish flag is seen on 4H TF of Litecoin:
* Litecoin is in the upward sloping channel, which is likely to be interpreted as the bearish flag.
* Usually, many indicators show bearish divergence at the higher highs inside the flag. And that is the case.
* There is a possibility for the price expanding outside the flag...
Monfex is at your service and today we overview BTC Dominance with ETH/USD LTCUSD EOSUSD XRPUSD.
We see how altcoins grow stronger on the chart of BTC domination, but what really happens ?
Short Coin's review:
A more bullish scenario, but Ripple is approaching to the line of resistance on the daily chart ~ $ 0,28 .
Hi, Traders !
Monfex is at your service !
With this Update we would like to compare and find out the strengths and weaknesses of two major cryptos - Ethereum & Litecoin versus the Giant, the absolute leader - Bitcoin.
So let's compare two charts (ETH/BTC & LTC/BTC):
* Overall, we see that Ethereum looks stronger in relation to Bitcoin that its peer,...
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Monfex is at your service !
We have descried a hidden speculative Long opportunity on Litecoin.
Take a look at 1H Chart:
* We see 3 evident levels, where buyers were stocking up while the price was gradually capitulating.
* After that, the market entered into accumulation/consolidation phase, where Bulls were pushing the price up persistently...
ive gone long short term.
Bitcoin looks over sold on the daily on rsi - stoc and seems to be respecting the trend line on NVT
a push up to 10200 COULD happen short term,
how ever, the long term on weekly they charts still look bearish.
this next week could see a move up with some side ways movement and a move up
short term, long
long term bearish.
Ltc price reached the lower end of the fib channel ,
That means we re still on an uptrend but on a slower growth due to the lack of volume,
Also the 0.236 fib level - white line of the fib taken from 106 high to 62 low, where the price action was unfolding around for the last few hours , happens to coincide with the 21 ema on the Daily ,
So we can see...
LTCUSD has presented us with a brilliant looking trade scenario.
Price is trading in a pennant, and will eventually break to the upside or downside.
General rule suggests pennants of this form will break to the upside, but LTC may be due some downside to meet a key level, so we keep the possibility open.
If price breaks to the downside, 180 pips downside...
Double bottomed and oscillators showing class B bullish divergence on the 1 H.
Ltc reached the 0.382 fib level of the Fibonacci taken from 107 high to 62 low, some profit was taken on these levels and now we touched the 0.236 fib level for a second time creating what seems like a double bottom with a bullish divergence on the 1H.
Good entry point for taking...
LTC/BTC pair shows bullish signals.
Breaking out of a descending channel we were in for the last couple of months,
While in that channel MACD daily gave strong bullish diverge signals.
If price manages to stay above 0.007 BTC it will head towards higher levels .
Taking profits out at 0.5 fibo from 0.012171 high to 0.006061 low which is at 0.009084 BTC and...
This is what Litecoin did (LTCUSD) during the last bear market. Important support - resistance levels are matching.
However, if 7.5K doesn't hold 6k is still as legendary as it was 1 year ago.
On macro-level BTC is in no man's zone, but don't worry, corrections are something absolutely normal (in each direction).
Litecoin after reached a low at $22.54, it increased in value %551.96 and established the high of the year at $146.95.
A possible head and shoulders top can be spotlighted as a major pattern, it is a 20 weeks H&S and some minors patterns have formed over the course of this major pattern.
During the last 11 days, the price has been inside a parallel channel...